Gorbachev calls for Russia-Germany alliance ‘for common European good’

Former Soviet president Mikhail Gorbachev has called for Russians and Germans to unite and called good relations between the two nations “priceless capital” in a newspaper interview. “History teaches us that when Germans and Russians walk hand in hand both nations and all Europeans benefit. The more often Putin and Merkel talk to each other the better it is for everyone,” Gorbachev told Bild daily. The former Soviet leader also added that in his opinion both Russians and Germans could be proud of the accomplishments they achieved after the end of the WWII. “Cooperation gave a forward momentum to both of our nations. Our good relations are priceless capital that should not be wasted. Moreover, we should do everything to add to that capital, especially in these difficult times.” Keep in mind this is the same man who said this in:  January of 2015 Mikhail Gorbachev Warns of Nuclear War […] Read More

Hitler’s Death A Hoax? Historians Claim Hitler Escaped Germany

Source: The Express In allegations set to debunk one of the biggest slices of world history, Russia is also accused of hiding vital evidence proving the Fuhrer and his wife Eva Braun fled in disguise. Two corpses found after the Second World War reported to be those of Hitler and Braun were in fact murdered body doubles. The claims due to be aired in an explosive television expose tomorrow will blow wide open theories of what happened to the world’s most infamous mass murderers. The programme claims Hitler did not die at the end of the war and threatens to expose the foundation of post-Second World War history as nothing more than a tissue of “lies”. Official records hold the brutal dictator, shamed in defeat in April 1945, shot himself in the head in a bunker in Berlin while his wife took a lethal cyanide pill. But their bodies […] Read More

The American People Are Utterly Clueless About What Is Going To Happen As We Enter 2015

Submitted by Michael Snyder via The Economic Collapse blog, The American people are feeling really good right about now.  For example, Gallup’s economic confidence index has hit the highest level that we have seen since the last recession.  In addition, nearly half of all Americans believe that 2015 will be a better year than 2014 was, and only about 10 percent believe that it will be a worse year.  And a lot of people are generally feeling quite good about the people that have been leading our nation.  According to Gallup, once again this year Hillary Clinton is the most admired woman in America and Barack Obama is the most admired man in America.  I don’t know what that says about our nation, but it can’t be good.  Unfortunately, when things seem to be going well common sense tends to go out the window.  A couple days ago, the […] Read More

The End Of Exuberance?

Submitted by Sean Corrigan via True Sinews blog, Back in the halcyon days of summer, it seemed nothing could go wrong. Commodities were still things it was not utterly disreputable to own. Base metals had shaken off a springtime swoon to hit 18 month highs. Though still suffering from that enervating, post-bubble flatness, precious metals had just enjoyed a neat little 10% rally. Energy was threatening to print new 2 ½ year highs as WTI sold for more than $107 at the front and $86 at the back of the curve. Nor were people much interested in paying for downside protection: across the complex, options premia were as low as ever they had been in recent years. Volatility – and risk measures in general – were drifting ever southwards, everywhere you looked. The US equity market’s VXO index was being quoted in single figures, the lowest in its 29-year […] Read More

The Only Way To Stop The Empire

Submitted by Dmitry Orlov via Club Orlov blog, The final days of US empire are fast approaching. Perhaps its end will pass slowly and gradually, or perhaps the event will unfold rapidly and catastrophically. Maybe chaos will break loose, or maybe its demise will be organized well and proceed smoothly. This nobody knows, but the end of empire is coming as surely as day follows night and sun follows rain. Overexpansion, overreach and over-indebtedness will take their toll—as all past empires have discovered. Empires are like bacteria in a Petrie dish; unthinking, unseeing, unfeeling, they expand until they run out of food or contaminate their environment with their waste, and then they die. They are automatons, and they just can’t help it: they are programmed to expand or die, expand or die, and, in the end, expand and die. What does the empire feed on? It feeds on money […] Read More

The Mystery of the Lost Amber Room

There have been various relics and treasures lost to us throughout history. Often irreplaceable and heavily imbued with both monetary and historical value, we are more often than not forced to merely speculate on where on earth these lost treasures have disappeared to. While it may seem reasonable and even unavoidable that some artifacts may become lost to time on occasion, how does one lose a whole room? In the case of one room fashioned of gold and amber at an enormous expense of time and money, created to be unparalleled in majesty and beauty, we have just such a case. The Amber Room of Germany was one of mankind’s great treasures and upon its baffling disappearance also one of our great mysteries. The Amber Room began its life in 1701, when it was designed by the German architect Andreas Schlüter, and construction on the ornate wall panels was […] Read More

When Money Dies: Germany and Paper Money After 1910

Submitted by Marcia Christoff-Kurapovna via The Ludwig von Mises Institute, The story of the destruction of the German mark during the hyper-inflation of Weimar Germany from 1919 to its horrific peak in November 1923 is usually dismissed as a bizarre anomaly in the economic history of the twentieth century. But no episode better illustrates the dire consequences of unsound money or makes a more devastating, real-life case against fiat-currency: where there is no restraint, monetary death will follow.  “It matters little that the causes of the Weimar inflation are in many ways unrepeatable; that political conditions are different, or that it is almost inconceivable that financial chaos would ever again be allowed to develop so far,” wrote British historian and MP Adam Fergusson in his 1975 classic, When Money Dies. “The question to be asked — the danger to be recognized — is how inflation, however caused, affects a […] Read More

Calling The Fed’s Bluff

Via ConvergEx’s Nick Colas, If U.S. stocks have stabilized – granted, a big “If” – you can thank the fact that markets don’t believe the Federal Reserve’s outlook on interest rates.  According to the latest CME Group’s contract pricing, Fed Funds rates will end 2015 at 43 basis points. That essentially signals a less-than-100% chance of being at 50 bp in 14 months; the Fed’s own estimates are for Fed Funds to reach 127 basis points by that time. Only three of 17 Fed officials who submit estimates for inclusion in the now-famous “Dot Plot” are lower than the market’s own estimate of future monetary policy.  Looking at 2016, the disparity between market expectations and Fed estimates is even broader.  Policy makers at the Fed believe rates should be at 2.17%; the Fed Funds futures contract sits at 1.27%. In the everlasting debate about whether markets want good or […] Read More

How Economists With Bad Ideas Wreck Your Life, America’s Economy, and the World

Author Jeff Madrick discusses what bad ideas cost us, and how to defeat them. Many of us have long known in our guts that something about mainstream economics doesn’t add up. As a new, must-read book proves, we were right. For decades, dubious, false and nonsensical ideas have dominated public discourse and decision-making, from the irrational belief in the efficiency of markets to a willful blindness about the inequalities of wealth and economic opportunity in a system that has been rigged for the benefit of the few. Author Jeff Madrick has just come out with his latest challenge to the pernicious ideas that have captured the minds and clouded the judgment of huge numbers of orthodox economists and the legions who follow their advice: Seven Bad Ideas: How Mainstream Economists Have Damaged America and the World. In this brisk and accessible volume, which should be on Econ 101 syllabi, Madrick outlines […] Read More